by Leo Jakobson | September 29, 2017
A new report released on Sept. 28 by the Society for Incentive Travel Excellence (SITE) and Association of Destination Management Executives International (ADMEI) delves into staffing and compensation trends in the global destination management and incentive travel industries.

As well as a deep, detailed dive into compensation and benefits trends, the 62-page report also has company profiles. Based on surveys from 192 participating SITE and ADMEI firms from the Americas, Asia-Pacific, Europe, the Middle East, and Africa, the average firm is 21 years old, produces 227 incentive trips and events each year, and has annual gross revenue of $4.5 million.

Other trends detailed in the report include strong growth, with more than three-quarters of responding organizations working with more clients and nearly four-fifths managing more events. That in turn has led more than 75 percent reporting increases in total gross revenue, and nearly 70 percent reporting growing net profit.

More than half of the firms say they are adding employees and steadily increasing pay to attract top employees, while less than 10 percent are cutting staff. Half of the firms surveyed offer incentive programs based on meeting-group or company-wide goals, while 54 percent offered them for meeting individual goals.

The full DMEI/SITE Compensation Survey costs $250 and is available here.